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>> give her a van gogh and sewage can do with that. melissa: you guys have been incredibly helpful. who is bidding on the cake into is betting on the diamond? >> you get the diamond, of the cake. melissa: that's all the money we have for you today. we will see you back here tomorrow, i hope. "the willis report" is coming up next. stay tuned for that. ♪ gerri: tonight, more taxpayer green said to be wasted on another great energy program. nearly $200 million to be exact. plus, higher taxes, more spending cuts, or both. the big debate over how to fix our economy ridges on. the new survey out today from economists. welcome to "the willis report." ♪
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gerri: and hello, everyone. it is the battle for the buckeye state, and it is getting expensive. president obama and challenger mitt romney said to campaign in a higher later this week. paul wright and leading the way today trying to rally the troops in an effort to us away the momentum away from the president. jeff flock exclusively sat down with republican vice-presidential nominee. and he joins me now. all right, he did not hold back on his criticism for the presidents, correct? >> reporter: that's right. he is not held back, and there are some republicans who have been somewhat critical of paul ryan's performance, wanted to see a little bit more explanation. the one we are used to with the church, the house budget committee. we have not quite seen that yet. given the fact that here in ohio and other states, a key swing states like florida, some of the poll numbers are starting to move toward president obama. whether or not paul ryan needs to change his approach. what ryan says, his campaign is
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on track to win. >> at the final analysis when people see the very clear choice that we are offering, the contrast to two different visions a degree will be fine. because president obama is not working. >> reporter: you know, we talked a bit about tax reform and tax overhaul the republicans are looking to do and spoke about the romney's latest tax return, the 14 percent effective tax rate. i asked him, what governor romney spend more in taxes to iraq have to pay more in federal income-tax is under the brand new overall that you are talking about for the tax-cut? they're going to get rid of some deductions, although they have not exactly late at which deductions are on the way out. back to you. cheryl: that's the big question, but at least the tax returns came out on friday. great interview exclusively talking to fox business. thank you very much. meanwhile, president obama may have the upper hand in ohio, but can he keep that momentum going?
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with more on this, guidance and commander for town hall the outcome is here. democratic strategist and senior vice president of global strategy group. i want to start with you. at this point in ohio if you look just at the numbers in ohio, the president is waiting. and romney has a fairly decent cap that he has for phil here. does he stand a chance? >> definitely. at think it's going to be a knife fight down the very final stretch, the quote that i got from our romney campaign when i spoke to them at rodney headquarters last week. it will be very close, but it is absolutely clear that the president does have an advantage , and one of the things that he is up against is the fact that the governor, a republican, has actually got up very good job. unemployment is on the way down a buck a state. so, how can mitt romney threat that the guilt of being critical of the president while pointing of, hey, actually, the employment scenario in this state is improving, like many
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others which is a balancing will have to strike, and that is why i think talking about the debt, for example, which paul ryan did today with a power point presentation on the campaign trail, that's probably a smart move. cheryl: i'm not so sure that mitt romney has the best shot here in ohio. if you look back at president barack obama versus john mccain, it was barack, four years ago. not that much as changed in the state of ohio despite the fact that john cage has taken over. >> well, i think romney has a tough road, and unless he wins ohio he almost mathematically cannot become president. he is right that unemployment, it's down in large measure because the president help save the auto industry and 35,000 jobs. fundamentally what is going on in ohio is what is going on another battleground states which is that mitt romney is a fundamentally flawed candidate. the middle class voters -- cheryl: how does he fought? >> rejecting because his basic assumption that tax cuts for the
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very wealthy will somehow trickle down to the middle-class . people are not buying it. going to create 12 million jobs without telling anybody how he's going to do it at the same time turns around and says there is almost half of the country that thinks he should not be president. cheryl: he has given us some specifics and we need to read it here more on his tax plans, but at the same time he has been set this -- specific in saying he will attack the issue of regulation. most small-business owners will say they won't hire because they're concerned about regulation and health care. >> the notion that mitt romney has not said what he plans to do and how to create jobs is silly. if you watched every single speech that he gives the goes through his plan. with all due respect about the middle class by the we just paired up, there is a political poll out today that shows the president with a small lead over all, but mitt romney leading by 14 points, double digits among folks in the middle-class.
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so the idea that middle-class voters are abandoning this president in droves is just not true, and also, were talking about someone, if we are talking about someone who is a fundamentally flawed candid it, we have an incumbent to has failed to deliver almost every single promise the outline of the campaign trail in 2008 but must be will save the country is heading the wrong direction. it's not like it's a choice here between this terribly flawed awful mitt romney and this wonderful unicorn prince who has been wonderful. it's a tough call. cheryl: to get back to some facts, one thing, i want to go back to ohio because one of the things being said, the democrats are outspending the republicans in droves in the state of ohio. that does not tell you there's a bit of a desperate move there because the president knows that when it comes to jobs many people believe that he has not delivered on his promises. >> it's a smart move that seems to be paying off in numbers.
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look. in terms of jobs, the job numbers and ohio are quite strong right now, in large part -- cheryl: the of bailout. >> the of bailout, but also there is the technology sector that is going. a lot that is happening and private public partnerships within government and the private sector which is what government is supposed to do and the investments that brought obama is talking about and doing whereas mitt romney has his 5-. plan which is essentially full of pie in the sky and all going to get better. cheryl: i want to give the sound bite to both of you and get a reaction. this is president obama on 60 minutes when asked what you have done wrong. but mistakes have you made. listen to this. >> i think that, you know, as president i have the responsibility for everything to some degree. cheryl: he said, responsible. >> absolutely, and he's taking responsibility for it. he started to finally articulate
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the argument for why we are better off than we were four years ago when he took over. 800,000 jobs for getting lost per month. of some of avalon was still alive and we were still in a rock. the auto industry was about to fall apart and the banks were about to fall apart. cheryl: lower unemployment four years ago which is one of the things this president is well aware of. cheryl: he also said, if you let me borrow $8,205,000,000,000 in this big stimulus program according to the charts and projections put out by his administration by now the unemployment rate should be about five and a half%. we are nowhere near that, and we have a greater debt as a result. so the idea, -- >> save the auto industry that we're talking about in ohio. >> first of all, for you to say that it is a very strong jobs picture. probably an overstatement. i think it is comparatively strong with other places where it is still really terrible, but it has done better. that is one of the challenges,
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as i mentioned. along with the huge spending advantage. i agree with you, that is smart. a state that both campaigns have to win in the obama campaign has put a lot of resources into ohio in a little bit of a hole right now, syria is to try to make up that difference. cheryl: the dnc has put more than a million dollars. the numbers. >> a rodney campaign has the advantage. the money is going to be at best even in light to the republicans will spend a lot more money in the cycle to try to defeat this president. and democrats have understood that and have fought back hard and smartly. look, when you have a candidate in mitt romney who is essentially rejecting the votes of over half, almost half of the country then you have a fundamentally flawed candid.
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back to when he is rejecting votes from the lebron have given that the 47% he is talking about don't pay federal taxes are states that -- cheryl: you want to talk about the issue of tax returns, we did get that. over the last 02 years he played an effective tax of about 20% which is what he's pushing. that is the closest you'll never get to a flat tax in this country. congress got you know. >> i'm sure he would be very happy. cheryl: remember, he says he has paid 20%. the only release the tax returns for the last two years. >> i see. i see. you want the long form tax returns, just like these, the democratic version of birth terrorism. and notarized report by price waterhouse cooper. this is obviously an issue that has been put to bed. even howard dean admits that much. the 14% rate that he paid in 2011 is thanks in part to his
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$4 million, 30 percent of his income he gave away charity, and people don't want to talk about all that charitable giving. it doesn't state end with, he is an awful, greek, secretive geithner did that has been built cheryl: five seconds. >> i don't think as the narrative. it is that he is a guy with the the wrong policies with a middle-class. as you see, those policies are being rejected. cheryl: you do have a republican that is now the governor in the state of ohio. is going to be an interesting fight. it's not over until it's over. thank you very much. appreciated. cheryl: worries about a weaker economy continue to weigh on oil and gasoline prices. we will get some analysis. former shell ceo and about ten minutes from now. what he says the president could do that to keep those commodities lower. and coming up next to its being called solyndra light, another grain company getting more of
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your green. that does not seem like the administration learned anything from recent history. stay with us. ♪ ♪
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chances are, you're not made of money,
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so don't overpay for motorcycle insurance. geico, see how much you could save. ♪ cheryl: more wasted taxpayer green going to a green energy companies. the solar start up solar power set to tap into $197 million federal loan guarantee, and why shouldn't a? is from the same government program that cost taxpayers five and a $35 million for the now bankrupt solyndra. is this another solyndra debacle? senior fellow at the manhattan institute. i guess no one has learned from history here, robert. >> well, it is hard to see how this, this loan in particular can be justified now.
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look at what is happening in the solar market. there is absolute carnage. look at sun tech, the big chinese company, in fact the world's biggest solar manufacture of solar panels. four years ago the stock was selling for 90. today closed at $1 is in danger of being delisted by the new york exchange. like a fork to the first solar, one of the be a solar manufacturers. four years ago it was selling for $295 per share, today it's a $21. the price this year down by 30%. i don't understand how solar power can see a path to profitability, particularly when they're trying to sell a premium priced product into the solar market. i just don't see it. cheryl: we were showing our viewers if elected companies that have tapped into that program. two of them are bankrupt. solar power, we shall see. at the same time, i mean, look. government money being handed out. why should they take it? if we are dumb enough, if our
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administration is dumb enough to it terry pick solid companies no matter if the chinese are killing us or not, which they are, as you just pointed out , why should they take their money? is legal. >> you know, not going to argue that point. of course it's legal. this low was approved more than a year ago in august of last year by secretary to. it's about politics, not the ability of the market to make these companies work. you can see that by looking at what the secretary said when the loan was approved. he said that programs like this can, what is it -- they are key to our future energy independence. ever hear a politician use the word energy independence, run because it will be asking for money soon for some favored project which is what is happening with this one. cheryl: the house did pass that no more solyndra act, and i'm curious why this particular project -- i understand it will create jobs. portland, oregon. fair enough.
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but if we pass that no more cylinders act, why are we continuing then to fund these projects to back. >> well, and that is the key point. eight solar power, if you look at their website, they raised a virtue under billion dollars from various venture capital firms. now the federal government is going to step in with another $197 million loan guarantee. of the private market or the private capital markets are ready and willing to support companies like this, let them. i just don't think that in this case, particularly given, the obama administration track record with companies like range fuels, deacon power, solyndra that now we're going to give a loan guarantee to a company like this at a time when the solar pd to the solar market is just getting crushed. cheryl: want to throw one more thing india. we found up from three of their scaling back of electric vehicles. you're being told over and over that is where tax incentives to
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go. >> "usa today", seven and a half billion dollars of the next seven years is going to eat. you do the math and it works out to $45,000 per elector vehicle. we can give consumers 10,000 gallons of gasoline and still have money ahead. it is just more money after bad. cheryl: subatomic today, one of my colleagues, this is why test the will make it and no one else will, but you have to spend $400,000 for car. it makes you very much. >> thanks. cheryl: fired up about this or any of the issues that we talked about the program, send an e-mail, kate five >> pain at the pump is easing down a bit. from a much longer? former shell ceo looks into his crystal ball and gives us his
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prediction next. weekend sales hit records over the new iphone. although missing expectations. can detect and find a way to save the weak economy? our expert weighs in. and summer is over, but it is not too late to plan the perfect awake. senior editor sharing tips on the best bang for your book vacations. we are on the case next on "the willis report."
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♪ cheryl: will prices continued a slide, but it could mean more problems overseas. former shall ceo next.
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cheryl: finally relief at the pump. gas prices ending their 9-week streak of gains. the national average for regular gasoline down half a cent overnight.
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nearly $0.3 over the weekend. $3.81 per gallon. oil prices also dropping. but our next guest says we still have a long way to go. former shall ceo joining me now. first, let's talk about the decline because you have a lot of different voices that are telling us why. some say it's because of the weaker dollar. oil prices going higher. next thing we're told is the bad economy. what is the story here? >> well, from my perspective the whole equation is really quite simple. it is the perceived supply against the perceived demand. that is what yields the oil price. now, with respect to demand we all know, demand is down. in this country we are down almost 10% year over year, year over two years in terms of how much we use every day, and that is largely price driven. people just aren't going to pay high prices they're required to pay. china's demand is not growing as strongly as people expected
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because the economy is not as strong. in europe demand is way down because the economy is way down. so all things considered we should not be at $92. we should be at about $72, except for that geopolitical uncertainties in the middle east, number one, and that is continuing, i think ought to put a price par. number two is the quantitative easing by the fed which people expect to improve the economy which also puts a new poor under the oil price. so it is artificial, these kind of artificial reality is that keep the price side. if it does slip a bit more, as soon as the economy shows any strength is coming back up. cheryl: it is interesting because i brought up the issue of the dollar. during the market we always watch while and the dollar. always goes side by side, but here's the thing. bin bernanke is trying to prop up the u.s. economy, help the u.s. economy. still, you have these prices that are saying, as you are sank an elevated levels. talking about 72, $73 per
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barrel. that seems where we are at in the world right now a little bit low, especially seeing what we are between iran and israel. >> that is the inflation of the chief -- geopolitical and 70. it all comes back to perception. if you are looking at the absolute real demand it is down in the u.s., down in europe, and is not going up as high as people thought it would in china. that should lead to about a 20- 25 percent correction over an inflated price, but is not. and the longer we think that we can hold on to this kind of a price level, which we won't of the economy actually really does improve, if demand improved in the u.s. command in regina we would be over triple digits in a matter of weeks. let's help the economy improves, but here is the real issue. the u.s. is the largest consumer and the world, has to do more to take care of its own domestic needs through domestic production. we have not made any progress to
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speak of under federal leaders of the last three years. we have made progress on the state leaders. all we need is federal leaders to open up new areas for exploration and production, and we also need to take natural gas and convert that to a transportation fuel. we are really going to address the underlying wood plank of the economy, which is high gas prices. cheryl: those are things that in europe in the president can do to make that change. i want to ask you something else. all other reports of the last couple of weeks about stockpiling that has happened in china. if that economy does rebound, in the fourth quarter, what does that do to prices? >> i think it slows the increase in prices, but only until a stockpile is used up. remember, china five years ago, six years ago used about 5 million barrels a day. today there are to attend. much of teefifteen they could be
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at 15 million a day. that is a tripling of oil demand over about a decade and a half. that's a lot of new demand. so the stockpiling of a few hundred million barrels is not going to make that much difference over time with the demand is that high. cheryl: it is a fascinating story, and and the moves every week, as we have seen the prices and politics. thank you. good to see you. >> thank you. cheryl: coming up next, apple having a record weekend, but investors are far from excited. in fact, the stock took a big hit. we will explain. tax hikes for says tax cuts. which is the best way to fix the economy? will take the results to touch the clicker the results of a new survey and get your reaction. ♪
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cheryl: apple selling more than 5 million iphone five this weekend. while that may seem like a huge number, is far below what analysts were expecting. as a result, shares down around $10 per day or and a half% after hitting an all-time high of $705 per share this past friday. the sales tally is a record that beat last year's iphone 4s launched by only a small margin. however, demand was not the problem. it was supplied. most apple stores were sold out by yesterday evening. and even with iphone five sales disappointing by year's end, the economists and analysts predict that sales could give the u.s. economy a big boost. here to weigh in on that question, chief economist at first trust advisers. come on. apple will boost the u.s. economy? >> is could, cheryl. you know what is interesting about this is we have a little bit of historical precedent that people don't remember, don't know about. in 1964, ford came out with the
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mustang. everybody had to have one, you know, close to it. it actually boosted growth. and so remember, if you waited for the last three months to not upgrade your phone because you were waiting for this , that means it held back retail sales and last quarter and could boost it in this quarter. and so, short, it could boost growth for a temporary time. cheryl: here is the thing. as you were talking, my stage manager threw up. besides the fact of reading his text messages right now. i'm very disappointed in you. he says he like this. it's actually a good buy. is that enough to keep people the from going out and replacing frankly, i don't see much of a difference between the 4s in the five. you tell me. you think it's that great a product? >> look. i am not an expert on apple iphone some. cheryl: sure you are.
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>> i personally use a blackberry cheryl: what? >> tommy crazy. my wife uses that iphone and once the new iphone five. everyone that i know the uses an apple iphone once the iphone five. i think the key here is, it's faster, on a 14 network. the applications will move faster. he will see more down lows. really what this does is encourages more growth in this whole communications revolution that we are seeing. that is lifting productivity and will help the economy, so it is not just all about buying them, it's about using them to raise productivity. cheryl: well, i do believe you're kind of a tech expert, but i want to move on and get your reaction to this resurvey. basically this is what economists are saying. 59 percent said that the current u.s. monetary policy is about right. i want to know if you agree with that and also visit the best way to reduce the federal deficit, increase taxes and comply with
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spending cuts. the fed should not be doing anything else. to you agree with that? >> you know what, i don't agree with any of that. i am a part of that survey. and the bottom line is is that what i want to see his no increase in tax rate and a big spending cuts. the u.s. is spending too much. we are spending 24% of gdp. that is a huge burden on our economy. it's like -- and as a resource that usually carries 112-pound jockey having to carry a 250-pound jockey. there's no way that horse to win the race or run fast. we need to put this jockey on a diet. that's what we have to do. and raising tax rates on the course, the economy, that accomplishes the wrong thing. the way you balance the budget
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is you cut spending, and that will also boost growth in the u.s. economy. cheryl: i want to ask you this before we leave. this is something i kind of could not believe. we had the chief u.s. equity strategist at morgan stanley say basically we could kick qe for by the end of the year. possible? >> you know, i personally don't think so. this goes back to the spending issue again. and that is, when the government spends a lot and puts a huge jockey on the horse that everybody says, why is the horse running slow? let's give him some more steroids? some kind of course use. and that is asking for problems. back in the 1970's and the united states the government spends and regulated too much. when the economy slow down, the federal reserve at the time lower interest rates and tried to choose the economy. what we ended up with was inflation and slow growth.
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the fed cannot create jobs. all it can do is create money. eventually if you create too much money you create inflation, and that will harm the economy in long run. i sure hope we don't have qe for. cheryl: you can believe that they're going to bring up inflation if it rears its ugly head commanded by peace center. thank you very much. good to talk to you always. >> thanks. cheryl: we want to know what all of you think. here's a question. the best way to reduce the deficit? higher taxes, spending cuts, or both? log onto and on the right hand side of the screen. ellis said the results of the end of tonight's show. meanwhile, that same survey of business economists shows that obamacare will not bring down costs. fat, they say it will severely hurt the economy in the long run. elizabeth macdonald here with the story. cheryl: a very important survey. up 236 economists across the country working at the companies like procter and gamble, dupont, wells fargo. take a look at this.
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the majority, three-quarters of them set health care costs will continue to rise despite health reform. he also said 60 percent found -- they found 60% fewer employees, employers will report to the provide coverage. repeal the health care law. here is the other issue that is of importance here. a lot of media headline said that, look, these economists, the majority of them to cut the deficit by a mix of tax hikes and spending cuts. you really, the headlines here, the economists were talking about closing tax loopholes. they actually want, the majority wants to extend and make permanent income-tax rates. they also want to make permanent the dividend tax rate in the capital gains tax rate. other headlines that came out of this survey, seven out of ten of these economists are for the keystone pipeline. half of them are against grain subsidies. all of that he did not see in the headlines. very interesting stuff.
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cheryl: it's funny. i was talking to brian using in a b and in a. they basically were saying, small business owners, too much regulation, concerned about health care stunting growth. >> can i give you another headline? and this should have been the headline. eight out of ten of the economists surveyed again, tough guys at the big fortune 500 companies. they said eight out of ten, nearly nine of the ten said this was holding up economic growth in this country, d.c. policy. white -- not even congress. >> they're doing such great work. cheryl: aren't they on vacation? we aren't. >> we are working. cheryl: they are campaigning. still to come, this september is bucking the trend for the market. how high will we go? you don't have to say goodbye now that the fall this year. you don't have to wait until the holidays either. hot tips for the pumpkin season, which is now coming up next.
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♪ [ owner ] i need to expand to meet the needs of my growing business. but how am i going to fund it? and i have to find a way to manage my cash flow better. [ female announcer ] our wells fargo bankers are here to listen, offer guidance and provide you with options tailored to your business. we've loaned more money to small businesses
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than any other bank for ten years running. so come talk to us to see how we can help. wells fargo. together we'll go far.
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cheryl: the fall season is here, time for a scenic drive, fall foliage, and cheaper price tags. don't let the term fool you. now is the perfect time to plan a budget-friendly get away. senior editor for orbitz.
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i want to ask you first and foremost. it looks like 68%, according to you, of consumers are planning a vacation. am i wrong in thinking that is actually a big boost right now? >> that must -- that number does seem very high. phfft interestingly two out of three of respondents to our server to list their planning and using a weaker more a vacation to travel this fall. a lot of people have vacation that they want to use before the end of the year. cheryl: that plays into consumer confidence. it looks like consumers, the spending of 500-1000 is the average amount of money it plans to spend. is that a higher number than what you have seen in years past? >> you know, i don't necessarily think it's a higher number than we have seen in years past. at the "we are seeing as we speak to consumer confidence is also that this idea of the falls shoulder season, it's getting out there. more people know that this is a
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great time of your travel. temperatures are mild, but crowds are not there, and then that they can get could deals. more and more people taking advantage of that. cheryl: where are they going? that is the next big question, where people planning to go. >> when we look at the destinations that have some of the best deals this time of year, you're looking at places like the rocky mountains in colorado. those ski towns that when they opened come late november will be pretty expensive, but right now places like male, 56% cheaper than their regular season. aspin, 45%. the mountain towns are good option. the caribbean is a great option. aruba, for example, 33% cheaper than they are during their high season. that is a nice option, also considered outside of the hurricane belt. cheryl: i want to go to our list and show our viewers. aruba, san diego, d.c., and a cruising the caribbean. that is interesting. go ahead.
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>> san diego. we are seeing prices and orange county. hotels on average $103 per night washington d.c., we are seeing that most acacias are looking to take serious steps this fall. d.c. is one of our cheapest. average hotel is 144 per night. the only city that beats that in terms of prices las vegas, just over $100 a night. taking a cruise is a great option in the fall. again, the caribbean, the ships can avoid some of those storms when they come into play. you can get 4-night cruises out of miami and port canaveral for around $199 per person. cheryl: and you're not concerned at all, we have this discussion, but hurricane season. >> well, certainly, you have to be aware that it is hurricane season in the caribbean. our survey respondents told us that one-third of travelers actually plant to a plan to travel to hurricane-prone destinations also something to be aware of. the deals are so hot the people are willing to a bride that
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chance of some of those storms and take advantage of the great deals. cheryl: if the price is right, why not go for it. all right. interesting findings. thank you very much. >> my pleasure. cheryl: well, new york mayor michael bloomberg is continuing his assault on all things that are 55 used to be fun in the big apple. he has succeeded in banning so this, junk food. now vending machines are soon going to disappear at local hospitals, but he only deserves part of the blame. private hospitals are signing up for the program starting next monday. only healthy food will be in the machines. totally worth it. what will be left out? perhaps some of your favorite treats. the most popular salty snacks. number five, or four red marker popcorn. this is a popular snack with the ladies. number four, free those. the scratchy corn chips program which are launched. number three, doritos. twenty different flavors. according to the survey, more men than women prefer garridos.
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number two comes in. you cannot eat just one. the number one favorite salty snack is actually mine. ritz crackers. nearly 80 years old, still the top favorite. happens to be standing over here, stage manager. you know what, i am with you. it's tough. it's rock -- yummy. right on. awesome. all right. coming up. new 4-year highs. our stocks ready for a fall? advice for you and your money coming up after the break. look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder
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does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. other side effects include dry mouth and constipation. nothing can reverse copd spiriva helps me breathe better. (blowing sou) ask your doctor about spiriva. cheryl: stocks are struggling to hang on to recent highs. is this just a blip or is the market rally nearing an end? answers in two minutes.
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cheryl: in focus tonight, and best as a playing the stock market despite the recent rally, heading near record highs. but managers growing increasingly cautious deciding to set on the sidelines. so should you follow suit and play the markets? let's ask equity analyst, author of the little book a big profits from small stocks, and i like the title of your book. recent "wall street journal" article saying that money managers are all the sudden very cautious. you have the markets on this. what's going on? >> the problem is that we are already up almost 16 percent of the year. the nasdaq is up over 20 percent. and in certain points in time, and nothing continues to go up. respect the window dressing. this is not the week to start selling stocks. you only want to start friday toward the end of the day or monday. when addressing happens the end of each quarter because mutual-fund managers altogether want to see the market continued. what happened is that qe3 is not
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the answer, and there is concern about earnings which are right around the corner. cheryl: october november, little bit of a pullback. fair enough. this should be great to ensure the first tax cuts stay in place. what happens to the market that does not? >> we will see a pullback which is my concern. the good news is bipartisanship is really starting to work together because it is understood that we cannot afford to go down 20% in the stock market, not what we have worked so hard to come back. and relative to the rest of the world, the u.s. is still the strongest market and the best country in terms of resiliency and innovation, but if we start to head backward and people begin to lose their wells, it's bad enough. mortgages are still under water. true unemployment. cheryl: we just got $40 billion unlimited. he opened up the piggyback and says he will oppose it and chilly as to. have never seen anything like
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that in my life. >> that's not the real way to make money. it's to grow revenue, and that's why. cheryl: you have the stock picks. very interesting. calm. you really like this one. >> about a billion dollars market cap. jackson, mississippi. what has happened is the concerns about eggs and high cholesterol have dissipated. eggs of becoming popular. this is the season for eggs. anyone who wants to buy stocks, there is still an opportunity to get a dividend yield here immobile you want to do, find areas like eggs which are growing. cheryl: and jeans. true religion designer jeans, expensive jeans. >> i love this. the stock is $22, down from 37. $37 here only because there was a little merchandising glitch. they got just a little bit away from fashion last spring that women wanted.
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you cannot go wrong. again, a dividend yield that is about 3%. take the money, the growth. it is still globally a popular brand. cheryl: this is different. cablevision systems. this big surprises me a little bit. >> so much debt. that cablevision, i am expecting that there will be consolidation amongst the cable companies. at the same time, we are starting to see and doing all work in terms of where the money is coming in. when it comes to elections and election seasons, cablevision, they're going to be winners. so go where the money is going to go, and that's how you're going to make money in the market. cheryl: thank you very much. appreciate it. you have more stock picks. we will post all of her stock picks. after the show. we'll be right back with our answer to the question of the day, the best way to reduce the federal deficit. [ male announcer ] at scottrade,
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so let's talk about coverage. based on this chart, who would you choose ? wow. you guys take a minute. zon, hands down. i'm going to show you guys another chart. pretty obvious. i don't think color matters. pretty obvious. what'sretty obvious about it ? that verizon has the coverage. verizon. verizon. we're going to go to another chart. it doesn't really matter how you present it. it doesn't matter how you present it.
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verizon. more 4g lte coverage than all other networks combined.
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cheryl: the national association for business economic survey said that best way to reduce federal deficit is a combination of higher taxing and spending cuts, what do you think? we asked what is the best way to reduce federal deficit, 0%, said he irtaxes, 89% said spending cuts, and 11% clocked in with both, log on for our on-line question, that is every weekday. finally, free checking accounts are going the way of the doe-doe bird. if you know what that is, banks are forced to add more fees to boost their profit, 39% of checking accounts are free down anom 76% back in 2009.
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